Lexmark, Heinz, PVH are market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
Lexmark International Inc., up $2.61 at $21.62
The printer and software company said that it is cutting 1,700 jobs and will stop making inkjet printers.
H.J. Heinz Co., up 95 cents at $57.41
The ketchup maker said strength in emerging markets and a better tax rate will push its first-quarter earnings above Wall Street expectations.
Nike Inc., up $2.44 at $98.87
A Stifel Nicolaus analyst said that demand for the shoe maker's products may have increased during the back-to-school shopping season.
Royal Caribbean Cruises Ltd., up 86 cents at $26.94
A Citi analyst said in a note to clients that cruise bookings in the industry appear to have improved over the past month.
Movado Group Inc., up $5.25 at $35.36
The luxury watch maker said that its second-quarter net income rose 83 percent due to higher sales and cost cutting.
PVH Corp., up $4.28 at $92.77
The clothing company's second-quarter net income rose 31 percent on higher sales of its Tommy Hilfiger and Calvin Klein lines.
Sanderson Farms Inc., up $3.46 at $44.05
The chicken producer reported net income of $28.7 million during the third quarter. The results beat Wall Street expectations.
Immunomedics Inc., down 14 cents at $3.32
A Wedbush analyst downgraded the company's stock saying that development of its pancreatic cancer treatment is taking too long.